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San Mateo fintech Tipalti boosts hiring after more than doubling payment volume, raising $270 million

Tipalti has been on a roll lately, as many of its fast-growing clients enjoy explosive growth. This week the company said its payment volume more than doubled in 2021 to more than $36 billion. The San Mateo fintech helps Amazon Twitch (Nasdaq: AMZN), Roblox (NYSE: RBLX) and other companies handle their accounts payable, which often means paying individuals around the world for their creative content. Read More...

Motley Fool

Why Rivian Stock Dropped Today

Rivian Automotive (NASDAQ: RIVN) stock dropped Friday morning, shedding almost 4.6% in the first hour of trading before gaining some ground. The electric-vehicle (EV) stock was already under a bit of pressure this week after Rivian’s expansion project ran into hurdles, and it appears some of the things CEO RJ Scaringe just said at the Wolfe Research virtual global auto, auto-tech, and mobility conference failed to lift investor sentiment. One of the biggest challenges that Scaringe highlighted at the conference on Thursday was the ongoing semiconductor-chip shortage, according to Reuters.

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